It's finally here, officially.
While we've known about the Toyota and Subaru joint venture for quite some time, Toyota has been milling about with several concepts dubbed the FT86 and FR-S. Well, it looks like Scion won this battle and Toyota will be branding this product as the Scion FR-S for the North American market. 
Armed with a 2.0-liter four-cylinder motor that produces approximately 200 horsepower, it will likely be the most powerful Scion yet. In addition, its rear-wheel drive set up should make it the first serious performance machine under the Scion brand. 
Toyota writes down below that this vehicle is specifically aimed for enthusiastic drives and not the passive folks who just need to get from point "A" to "B."
One thing I find intriguing is that in its UK press release Toyota insists the vehicle will be lightweight, yet doesn't post its figure. Weird.
In addition, like other Scion products, the new FR-S will be highly customizable and will push for owners to make each of their vehicles individualized.
**Read ALL of the details down below
Toyota UK's press release follows:
MORE PASSION, MORE FUN: TOYOTA RECAPTURES THE JOY OF DRIVING
 		World debut for Toyota GT 86 sports car at the Tokyo motor show
 		
 		KEY POINTS 		-  				Entirely driver-focused sports car, designed to recapture the fundamental joys of motoring
-  				World's most compact four-seater sports car, delivering very low centre of gravity and excellent power-to-weight ratio
-  				A return to Toyota's sporting roots, with a front-mounted engine and rear-wheel drive package
-  				Powertrain combines 197bhp 2.0-litre flat-four boxer engine with torque-enhancing D-4S injection technology
-  				Design achieves outstanding aerodynamics while recalling Toyota's sports car heritage
-  				New car to be called the GT 86 in Europe, in tribute to Toyota's GT car heritage
-  				On sale in the UK in June 2012
 			The anticipation is over: Toyota's new GT 86 sports car makes its  world debut at the Tokyo motor show on November 30. The compact 2+2  model, one of the most keenly awaited new cars of the coming year, will  go on sale in the UK in June 2012.
 			
 			The GT 86 has been conceived as an entirely driver-focused machine,  designed to deliver the core qualities of the classic sports car  experience. That means precise, instant response to the smallest  throttle and steering inputs and the kind of performance that appeals to  those for whom driving is a passion, not a necessity.
 			
 			The GT 86 is built on a new platform, with a highly aerodynamic  bodyshell stretched tight over the car's mechanical elements. Rather  than fitting a heavy, large capacity powertrain, Toyota has opted  instead to go back to its sporting roots, installing a compact,  front-mounted, free-revving petrol engine that drives the rear wheels.
 			
 			This four-cylinder "boxer" unit generates 197bhp at 7,000rpm and  maximum torque of 205Nm at 6,600rpm, giving the GT 86 brisk, engaging  performance.
 			
 			The powertrain is matched to the world's most compact four-seat  design to create a car that benefits from light weight, low inertia and a  low centre of gravity to achieve the best possible power-to-weight  ratio. For the driver that means lively, accessible performance and  dynamic character with minimal intrusion from electronic systems.
 			
 			Packaging
 			
 			The GT 86 measures 4,240mm long, 1,285mm high and 2,570mm wide,  dimensions which make it the most compact four-seater sports car  available today.
 			
 			Both the powertrain and the driving position have been set as low and  as far back as possible to achieve the best balance: the car has a  near-perfect 53:47 front-to-rear weight distribution. The flat-four  engine format and the driver's hip point – the lowest of any current  Toyota production model – together give the GT 86 an ultra-low centre of  gravity, at just 475mm.
 			
 			The GT 86 makes the most of a light kerb weight, making it easy for  drivers to exploit its nimble handling and cornering poise. The  suspension features MacPherson struts at the front and double wishbones  at the rear. The car rides on 17-inch wheels and is fitted with  ventilated disc brakes fore and aft.
 			
 			World's first horizontally opposed engine with D-4S
 			
 			The GT 86's engine is the result of a joint Toyota and Subaru  development programme that brings together their technical know-how and  mutual passion for sports cars.
 			
 			Toyota has added its D-4S injection technology to Subaru's new,  horizontally opposed, naturally aspirated 1,998cc four-cylinder boxer  engine. This system features separate twin injectors for both direct and  port injection, and a high 12.5:1 compression ratio, increasing power  and torque across a wide range of engine speeds without sacrificing fuel  efficiency and environmental performance.
 			
 			The flat-four engine has equal bore and stroke of 86.0mm and drives  through either a six-speed manual or six-speed automatic transmission.  The manual offers quick, precise shifts using a tactile, short-throw  lever; the automatic transmission can be controlled using paddle shifts  mounted on the steering wheel.
 			
 			Power is distributed to the rear wheels via a limited slip  differential to give the best possible grip in all driving conditions.  The ABS and switchable vehicle stability control systems have been tuned  specifically to deliver dynamic stability at the limit of the car's  performance envelope with minimal electronic intervention to help  preserve the purity of the driving experience.
 			
 			Design
 			
 			The design of the GT 86 successfully works within the technical  constraints of achieving the most compact dimensions possible, a low  centre of gravity and aerodynamic performance inspired by motorsport  technology, while also displaying evocative, sweeping styling that  recalls Toyota's sports car heritage.
 			
 			Toyota's new design language informs the styling, as in the way  attention is focused on the lower part of the car with the large lower  grille. Elsewhere the "keen" approach can be witnessed in the clear,  expressive lines.
 			
 			The lower grille's "scorpion" look gives the GT 86 a more powerful  appearance, with further sporting details including the model-specific  17-inch alloy wheels, rear spoiler, twin exhausts and the "86" piston  logo that denotes the car's special powertrain configuration.
 			
 			On board, the ergonomics and function of every element the driver  interacts with have been scrutinised to make driving the car as natural,  instinctive and rewarding as possible. For example, the steering wheel  has a 365mm diameter, making it the smallest ever fitted to a Toyota,  and it is trimmed in buckskin, developed from exhaustive feedback from  test drivers on how to achieve the best steering performance and grip.
 			
 			The three-meter instrument cluster is arranged around a large  tachometer, its design benefiting from close attention to the  positioning of the displays, markings and typeface. The result is the  best possible visibility and readability. The driver-focus of the  cockpit is further reinforced by the carbon-effect trim, all-black roof  lining, red stitching on the upholstery, aviation-style rocker switches  and lightweight, aluminium pedals.
 			
 			Toyota's 50-year sports car heritage
 			
 			The GT 86 may be launched as the world's only current sports car to  feature a front-mounted, horizontally opposed engine and rear-wheel  drive, but it cannot claim to be the first. That honour is held by  Toyota's two-cylinder boxer-engined Sports 800, which the company began  developing in 1962. Since then, Toyota has established a long history of  producing exciting, driver-focused sports cars with a front-engine,  rear-wheel drive format that have proved as popular with the public as  they have been successful in competition.
 			
 			The beautiful 2000 GT, a coupe powered by a 2.0-litre straight-six  engine, was first displayed at the 1965 Tokyo motor show and helped  establish Toyota's global reputation as a sports car manufacturer.
 			
 			Launched in 1971, the first Celica models featured rear-wheel drive  powertrains and were praised by enthusiasts for their agility. All four  Supra generations came with straight-six engines and rear-wheel drive,  while from 1984 the MR2 won recognition as one of the best handling  sports cars in motoring history.
 			
 			The inspiration for the GT 86, however, is the Corolla GT (or Levin)  AE86, a car with an enduring reputation for delivering sheer excitement  and capturing the fundamental joy of driving. Its front-engine,  rear-wheel drive package, compact dimensions, light weight, impeccable  balance and superior power-to-weight ratio made it a must-have choice  for rallying and circuit driving throughout its production life, from  1983 to 1987. Here in the UK the GT claimed two British Touring Car  Championship titles and a series of top-level rally victories.
 			
 			The GT 86 is a genuinely lightweight machine that offers the intimacy  and involvement of a car that can be driven as though an extension of  the driver's body. In this way, it perfectly recaptures the exhilarating  spirit of the last of the AE86. And, with numerous customisable parts,  its shares its predecessor's aim to be an affordable car that will  evolve with its owner.